Investing.com - U.S. crude stocks rose more than expected in the latest week, official data showed Wednesday.
The EIA said crude inventories rose by 4.097 mn barrels after a drop of 7.051 mn barrels the previous week.
Crude inventories were forecast to rise by 1.162 mn barrels.
Gasoline stocks rose by 5.023 mn barrels after a hike of 8.307 mn the previous week.
Gasoline inventories were expected to rise by 1.638 mn barrels.
U.S. crude pared gains of over 1% and was up 0.47% at $51.06 after data release.